American Water Works Company, Inc. (NYSE:AWK) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its stake in American Water Works Company, Inc. (NYSE:AWK) by 41.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,523 shares of the utilities provider’s stock after purchasing an additional 446 shares during the quarter. Farther Finance Advisors LLC’s holdings in American Water Works were worth $223,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Wulff Hansen & CO. increased its stake in American Water Works by 12,816.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock worth $189,177,000 after buying an additional 1,453,334 shares in the last quarter. M&G Plc purchased a new stake in American Water Works during the 1st quarter worth approximately $108,688,000. Vanguard Group Inc. increased its stake in American Water Works by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock worth $3,012,272,000 after buying an additional 624,977 shares in the last quarter. International Assets Investment Management LLC increased its stake in American Water Works by 14,944.4% during the 3rd quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock worth $786,750,000 after buying an additional 534,411 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in American Water Works by 631.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock worth $65,192,000 after buying an additional 384,836 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Insider Buying and Selling at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the transaction, the director now directly owns 36,880 shares in the company, valued at approximately $5,268,308. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.08% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have commented on AWK. Royal Bank of Canada reiterated an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a research note on Thursday, September 19th. Bank of America reaffirmed an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a report on Friday, September 20th. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and increased their price target for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Jefferies Financial Group started coverage on American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target for the company. Finally, Wells Fargo & Company cut American Water Works from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $127.00 to $138.00 in a report on Wednesday, July 31st. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $140.00.

American Water Works Price Performance

Shares of NYSE:AWK opened at $136.09 on Friday. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. The business’s 50 day simple moving average is $142.07 and its 200-day simple moving average is $136.88. The firm has a market capitalization of $26.52 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 3.21 and a beta of 0.70.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be issued a $0.765 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.06 annualized dividend and a yield of 2.25%. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.